
What is the housing market like right now?
With the federal government now in a shutdown, many rental housing providers are asking what this means for federally funded housing programs and for tenants who may be affected. While the situation is dynamic, here is the key information rental housing providers need to know for the time being.
Will Section 8 payments continue?
Yes, for now. The U.S. Department of Housing and Urban Development has already obligated funding that allows public housing authorities to continue operating their tenant-based voucher programs through October, and likely into mid-November. This funding covers the government's share of the rent for Section 8 voucher recipients.
Several large California housing agencies — including the Sacramento Housing and Redevelopment Ag...